The dollar index last trade at 94.092 level

Good Morning,

- The euro trade on rebound mood, on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later today.

- Asian stock markets followed Wall Street into the red territory on Wednesday.

- Singapore's central bank eased monetary policy unexpectedly ahead of its scheduled review in April, joining a growing list of central banks that took steps to counter disinflation and slowing growth.

- The Singapore dollar headed for the biggest slide in almost three years. In an unscheduled policy statement Wednesday, the Monetary Authority of Singapore, which uses the currency as its main policy tool, said it will reduce the slope of the policy band for the island’s dollar. It also cut the inflation forecast for 2015.

- The dollar index last trade at 94.092 level, off from 11-year high of 95.481 hit on Friday.

- German consumer climate at highest level in 13 years. German consumers appear to be considerably more optimistic at the start of the New Year. The consumer climate has improved further. Following a value of 9.0 points in January 2015, the overall indicator is forecasting 9.3 points for February.

- Morgan Stanley on EUR/USD: Sell EUR/USD Rebounds. "We believe that we are currently in the middle of the third major USD bull market of the past forty years. An extraordinarily long projected US economic expansion, widening growth differential between the US & the rest of the world, and increasing flow of investment back towards the States suggests that the USD rally will extend further," MS argues. "However, our bearish EUR view is not just about QE. We have made the case that the EUR is set to weaken as a result of previously announced monetary policy measures from the ECB, which have already had an impact. We have highlighted three main channels for EUR weakness: portfolio outflows, the use of the EUR as a funding currency and central bank reserve reallocation. There is evidence that all three channels have already been exerting downward pressure on the EUR," MS clarifies. MS maintains a limit order in its strategic portfolio to sell EUR/USD at 1.15, with a stop at 1.1650, and a target at 1.0900.

- In December, Swiss new car registrations climbed 20% compared to the previous month (seasonally adjusted). This is the highest December number since data collection began in 1995. In the past 20 years, there have only been five other months in which reported car sales were higher.

- U.S. economic news was mixed yesterday with surprisingly soft durable goods orders, but notable strength in housing and consumer sentiment. Soft business investment and corporate earnings stoked talk the Fed would have to acknowledge the more difficult environment in its policy statement today.

- Larry Fink says he’s worried about a recession in Switzerland. That there won’t be one. If the export-dependent Swiss avoid a slump after a surge in the franc it would make the idea of surviving an overvalued currency -- and leaving the euro -- a little more conceivable in Germany, according to Fink, the co-founder and chief executive officer of BlackRock Inc. Think Gerexit. “There’s always been a debate, should Germany be in or out of the euro,”.

- Japan’s Abe says corporate tax cut is to stimulate higher wages.

- Oil prices were under pressure by news last night that U.S. oil stockpiles surged by nearly 13 million barrels last week.

- Watch today: Germans Gfk report , US mortgages, Fed statement.

Have a nice Day !